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509 UNIVERSITY BOULEVARD
About This Property
Pride of ownership is evident from the moment you arrive, with the beautifully landscaped yard, upgraded roof, and oversized four-car driveway. The welcoming front entry opens through an upgraded front door into a totally transformed open-concept layout. The spacious living room is highlighted by stone tile flooring, upgraded front window with shutters, crown molding, pendant lighting over the sterno fireplace, open concept layout with columns connecting the living areas. Just a few steps down is the spacious family room featuring high ceilings, custom French doors with shutters, circle-top accent window, wainscoting and crown molding and recessed lighting. This flexible space is perfect for a family room, home office, playroom, or media area. The fully remodeled open kitchen and dining area truly impress with stone tile flooring, 42-inch raised-panel cabinetry, granite countertops, stone tile backsplash
Brand-new stainless-steel appliances, recessed lighting, modern pendant lighting over the dining area. The adjoining dining area can also be used as open TV/Cable ready sitting area equipped with a TV mount.
Two sets of sliders lead to the true showstopper of the home-an absolutely stunning 22' x 17' glass Great room featuring dramatic vaulted ceilings, two skylights, newer porcelain tile flooring. 10 sets of sliders, newer A-frame windows, recessed and pendant lighting, modern sleek gas fireplace set against a stone accent wall, with rustic stainless-steel farmhouse mantel and mounted TV area above the fireplace. Surrounded by mature landscaping for total privacy, this incredible indoor/outdoor space creates the ultimate year-round gathering area. The ten sets of sliders open to a breathtaking backyard oasis featuring a wrap-around patio with a paver stone seating wall, professional hardscaping, and a relaxing stacked-stone waterfall and pond. From the open kitchen to the glass Great room and seamless outdoor entertaining areas, this home was designed for hosting unforgettable gatherings, summer barbecues, and relaxing evenings with family and friends. Back inside, the updated full bathroom features tile flooring, tiled tub/shower surround, partial glass enclosure, vanity with bowl sink, full-view mirror, linen closet and Pin recessed lighting. Both bedrooms feature crown molding, window shutters, hardwood flooring (one currently has carpeting over hardwood) Another major bonus is the full poured concrete basement beneath the original home, offering excellent storage and future finishing potential. The basement includes laundry area, new washer and dryer, laundry sink, gas hot water heater and has HVAC system. Conveniently located directly across from the elementary school and close to shopping centers, restaurants, public transportation, malls, movie theaters, and everyday conveniences. Easy access to Routes 45, 55, and I-295 allows for commuting to Philadelphia within 20 minutes, Delaware within 25 minutes, The Jersey Shore within 60 minutes. This one-of-a-kind furnished home offers luxury, privacy, and incredible indoor/outdoor living-schedule your private tour today before it's gone!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 15, 2026 | Sold | ||
| Sold | |||
| May 16, 2026 | In contract | - | |
| In contract | |||
| May 8, 2026 | Listed by BHHS Fox & Roach-Mullica Hill South | $367,900 | |
| Listed by BHHS Fox & Roach-Mullica Hill South | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017